Core Insights - VINCI's subsidiary Cobra IS has sold its 50% stake in the Mantiqueira high-voltage power line in Brazil to Brookfield for approximately €130 million [1][3][6] - The Mantiqueira line is 1,200 km long, features 18 substations, and serves 50 municipalities in Minas Gerais, having been commissioned in 2022 [2] - This transaction reflects Cobra IS's expertise in the electricity transmission sector and its strategy of portfolio optimization through value-creating sales [3][6] Company Overview - VINCI is a global leader in concessions, energy services, and construction, employing 285,000 people across over 120 countries [4] - The company's mission focuses on designing, financing, building, and managing infrastructure that enhances daily life and mobility [4] - VINCI emphasizes environmental, social, and societal performance, aiming to create long-term value for all stakeholders [4]
VINCI sells its 50% stake in the Mantiqueira high-voltage power line in Brazil